yet he is already telling people how many bitcoin he has, which is part of the obligations of a public company, so it would be great if he would show proof of reserves and not be arguing against bitcoin best practices, especially for a public entity. If the company were to be private and/or not publicizing its coin holdings, then he would be more justified to proclaim no need to show reserves.
Another thing is if MSTR needs to have official audits, there is no reason not to do the official audits and also show proof of reserves also.
my thought exactly. They are public entity and he expects investors to trust him
Because he has been in the market since 1998 or something
And also not a juvenile tweaker (What he called FTX owner).
I don't know if he's deliberately creating FUD because his response is going to push people to demand the POR more.
He just opened a door for competitors. I wouldn't be surprised if one of the New entrant chooses to give a proof of Reserve
To atleast take more pie from the market.
Another thing is if MSTR needs to have official audits, there is no reason not to do the official audits
Auditors can even be bribed and POR is the easiest that stick with the ethos, Don't trust, Verify.